Marginal salary recovery in May
In May 2024, the average nominal salary, as measured by the BankservAfrica Take-home Pay Index (BTPI), showed a partial recovery to once again beat levels from a year ago. "The nominal take-home pay reached R15 888 in May, showing a 10% improvement on year-ago...
Confidence in AI rises with use, but so does anxiety
Kathy Gibson reports - Artificial intelligence (AI) and generative AI (GenAI) are constantly evolving, and starting to have real impact in the workplace. But employees are not yet sure how they feel about AI, according to a new report from Boston Consulting Group...
SA consumers continue to show resilience
According to TransUnion's Q1 2024 South Africa Industry Insights Report, consumers' credit appetite continued to grow despite the sustained high interest rate environment as consumer confidence improved slightly during this quarter - along with lower inflation metrics...
Hybrid multicloud adoption in financial services
While the current adoption of hybrid multicloud deployments remains consistent year-over-year in the financial services sector, respondents expect a significant 3x increase in adoption in the next three years, making it the leading IT model in the sector. This is the...
5G drives changes in service providers’ FWA strategies
Fixed Wireless Access (FWA) continues to grow in strength as a 5G use case for communications service providers (CSPs) globally with a sharp increase over the past year in the number of CSPs offering the service. This is among the findings from the June 2024 Ericsson...
Steady growth forecast for quantum computing
The global quantum computing market is anticipated to reach $4,24-billion by 2030, with a CAGR of 20,1% from 2024 to 2030, according to a new report by Grand View Research. Quantum computing is an emerging field with the potential to revolutionise various industries...
Pasqal achieves quantum computing milestone
neutral-atom quantum computing vendor Pasqal has announced a significant technological milestone: the successful loading of over 1 000 atoms in a single shot within their quantum computing setup. This breakthrough marks a crucial step in Pasqal's progress towards...
European Commission takes Microsoft to task
The European Commission has informed Microsoft of its preliminary view that Microsoft has breached EU antitrust rules by tying its communication and collaboration product Teams to its popular productivity applications included in its suites for businesses Office 365...
US resellers eating telcos’ lunch in the enterprise space
An analysis of the US reseller market illustrates that enterprise telecoms service providers worldwide need to embrace smarter customer segmentation, says GlobalData, adding that about 1 800 significant resellers in the US account for as much as 20% of the enterprise...
Investment, collaboration push new growth frontiers
Leaders from China, Poland and Viet Nam urged cooperation as a means to navigate uncertainty while harnessing the technologies of the Fourth Industrial Revolution, at the 15th Annual Meeting of the New Champions in Dalian. "To drive future economic growth, we must...
Will SA brands rise to the new e-commerce challenges
As global e-commerce giants like Amazon, Shein and Temu set their sights on South Africa's growing e-commerce space, local retailers may find themselves feeling the pinch. By Thomas Kingombe, MD and partner, and Vishakha Chopra, project leader at BCG Johannesburg Will...
How exporters can overcome cross-border payment challenges
Cross-border trade is a key driver of the South African economy, accounting for over half of the country's total exports. However, South African exporters face several challenges in receiving cross-border payments, including high transaction fees, currency conversion...